IFSC Code of Punjab and Sind Bank, Bhaini Mehraj Rural Dispensary Building Branch, Punjab

Below are the complete branch details for Punjab and Sind Bank, BHAINI MEHRAJ RURAL DISPENSARY BUILDING branch, located in BARNALA, PUNJAB. The IFSC assigned by the Reserve Bank of India to this branch is PSIB0020990. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case PSIB0020990 for Punjab and Sind Bank – BHAINI MEHRAJ RURAL DISPENSARY BUILDING — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Punjab and Sind Bank – BHAINI MEHRAJ RURAL DISPENSARY BUILDING is PSIB0020990. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 020990 map to this branch in BARNALA, PUNJAB.

About Punjab and Sind Bank

Punjab and Sind Bank operates a wide network of branches across India, including the Bhaini Mehraj Rural Dispensary Building branch in Barnala. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, PSIB0020990.

About this branch

The branch is located at RURAL DISPENSARY BUILDING, VPO BHAINI MEHRAJ TEHSIL & DI, DISTT. BARNALA, PUNJAB - 148101. It serves the Barnala region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Punjab and Sind Bank. The IFSC PSIB0020990 is used to identify this branch on the RBI payments network.

Branch details at a glance

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Punjab and Sind Bank's BHAINI MEHRAJ RURAL DISPENSARY BUILDING branch came to be assigned the code PSIB0020990.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC PSIB0020990, money simply cannot be routed to the BHAINI MEHRAJ RURAL DISPENSARY BUILDING branch electronically.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Punjab and Sind Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC PSIB0020990 and the account number together uniquely identify the Bhaini Mehraj Rural Dispensary Building branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC PSIB0020990

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC PSIB0020990 across all three.

NEFT to Punjab and Sind Bank, BHAINI MEHRAJ RURAL DISPENSARY BUILDING using IFSC PSIB0020990

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC PSIB0020990, and confirm that the system picks up Punjab and Sind Bank – BHAINI MEHRAJ RURAL DISPENSARY BUILDING. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC PSIB0020990

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Punjab and Sind Bank – BHAINI MEHRAJ RURAL DISPENSARY BUILDING, ensure your bank's portal accepts IFSC PSIB0020990 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to Punjab and Sind Bank – BHAINI MEHRAJ RURAL DISPENSARY BUILDING, use IMPS. With IFSC PSIB0020990 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC PSIB0020990 for Punjab and Sind Bank – BHAINI MEHRAJ RURAL DISPENSARY BUILDING, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Bhaini Mehraj Rural Dispensary Building branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Punjab and Sind Bank's BHAINI MEHRAJ RURAL DISPENSARY BUILDING branch, the IFSC PSIB0020990 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Account types you can open at the Bhaini Mehraj Rural Dispensary Building branch

Once you have an account at Punjab and Sind Bank – BHAINI MEHRAJ RURAL DISPENSARY BUILDING, the IFSC PSIB0020990 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Banking services available

The Bhaini Mehraj Rural Dispensary Building branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 1679-268502.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC PSIB0020990

Online banking and IFSC PSIB0020990

Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the BHAINI MEHRAJ RURAL DISPENSARY BUILDING branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC PSIB0020990 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

How to reach the Bhaini Mehraj Rural Dispensary Building branch

The branch is located at RURAL DISPENSARY BUILDING, VPO BHAINI MEHRAJ TEHSIL & DI, DISTT. BARNALA, PUNJAB - 148101, which puts it inside Barnala, the broader Sangrur district, and the state of Punjab. To plan your visit:

1. Open Google Maps on your phone and search for “Punjab and Sind Bank Bhaini Mehraj Rural Dispensary Building branch” — the verified location pin for IFSC PSIB0020990 should appear at the top of the results.
2. Confirm the branch is open by calling 1679-268502 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC PSIB0020990 and your account number.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Punjab and Sind Bank – BHAINI MEHRAJ RURAL DISPENSARY BUILDING:

• The IFSC is exactly PSIB0020990 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Punjab and Sind Bank as the bank name and BHAINI MEHRAJ RURAL DISPENSARY BUILDING as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Bhaini Mehraj Rural Dispensary Building branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PSIB0020990, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC PSIB0020990 for Punjab and Sind Bank – BHAINI MEHRAJ RURAL DISPENSARY BUILDING, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PSIB0020990 belongs to Punjab and Sind Bank's BHAINI MEHRAJ RURAL DISPENSARY BUILDING branch, located at RURAL DISPENSARY BUILDING, VPO BHAINI MEHRAJ TEHSIL & DI, DISTT. BARNALA,… in BARNALA, PUNJAB. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.